Silver at ATH: Time for Anticyclical Thinking

Selling the Hype

Silver prices are running hot. We’re up more than +150% YTD, and price targets keep getting more and more extreme while the chart turns parabolic. I’ve even heard projections of $800 or $1,000 per ounce, ridiculous. With euphoria reaching these levels, this is, for me, an excellent time to sell. Anticyclical thinking is what really makes the difference in investing.

I bought some physical silver back in 2016 at around $15. Today, I sold for a +300% profit. There was a huge queue in front of the shop, everyone trying to buy. At all-time highs. I honestly don’t get it.

What about you guys? Are you on the buying side right now or the selling side?